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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
October 20, 2008 at 11:58 AM
Ameritas Life Insurance Corp. has added a “no withdrawal charge” rider to the list of options available with the Overture Medley Variable Annuity contract.
UNIFI Mutual Holding Company, Lincoln, Neb., the parent of Ameritas, says the rider can reduce the withdrawal charge period to 0, from a standard period of 9 years.
The base contract insurance charge is 0.85%, with a maximum of 1.15%, or 1.50%, with a maximum of 2.25%, with the new no withdrawal charge rider.
Customers can buy the new rider along with the guaranteed lifetime withdrawal benefit rider, UNIFI says.
Ameritas is responsible for backing the product guarantees.
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